---
title: "Section 1071: Keeping Your Board Informed"
description: Stay ahead of Section 1071 changes by keeping your Board informed on potential rule shifts and their implications. Jerod explains more in our latest video.
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Section 1071: Keeping Your Board Informed](https://blog.bankerscompliance.com/en/section-1071-keeping-your-board-informed)

 Written by [Jerod Moyer](https://blog.bankerscompliance.com/en/author/jerod-moyer) | Apr 24, 2025 3:19:09 PM

It’s no secret that [Section 1071](https://www.consumerfinance.gov/1071-rule/) is up in the air. No one really knows for sure how it will all shake out. Will the rule go away completely? (slim chance). Will the rule be rewritten? (most likely). Will a rewritten rule look anything like what was supposed to go into effect? (who knows). Regardless of where you were at in your 1071 implementation process when all the craziness started, the one thing we strongly encourage you to do is keep your Board informed.

Jerod explains more in the video.

[ 1071 Resources! ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLIDNdlLIVoC0hqdzngmtwGHEz4G0qsjagZOH2OYmOO%2FM6IokuOYwb5LhvPKr0W%2B6O5lonZ5fXi9yQbpIOoWlTvHUbDeTYL9wFgCtozb3JUvnTjRwIWnqaSQC%2BMA3pqljf84uMZrgvjDqxMt07aj2OkLWfR17GlGJuL%2Fvz%2FhgfvmBzi66p70IU3Mpwb%2FwsfuwPGQKsC1iqgaM7BuvMdcpwBGUwqScwgAZAR%2FeshRTHf36w8O0h9nyQ%3D%3D&portalId=21201105) 

Published  
2025/04/24

[View full post](https://blog.bankerscompliance.com/en/section-1071-keeping-your-board-informed)

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